Business
eBay, Inc. Announces Redemption of Its Outstanding 6.00% Senior Notes Due 2056
SAN JOSE, Calif., Jan. 29, 2021 /PRNewswire/ -- eBay, Inc. ("eBay" or the "Company") (Nasdaq: EBAY) today announced its intention to redeem all of its
About this update from Ebay Inc.
[{"type":"text","content":"SAN JOSE, Calif., Jan. 29, 2021 /PRNewswire/ -- eBay, Inc. (\"eBay\" or the \"Company\") (Nasdaq: EBAY) today announced its intention to redeem all of its outstanding 6.00% Senior Notes due 2056 (CUSIP No. 278642202) (the \"Notes\"), pursuant to its option under the Indenture, dated as of October 28, 2010 (the \"Indenture\"), by and among the Company, and Wells Fargo Bank, National Association, as trustee (the \"Trustee\"). The redemption date is March 1, 2020 (the \"Redemption Date\"), and the redemption price is equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount of the Notes being redeemed to the Redemption Date, in accordance with the terms of the Notes. As of the date hereof, there was $750,000,000 aggregate principal amount of the Notes outstanding. Payment of the redemption price will be made through the facilities of The Depository Trust Company.\n\n \n \n \n \n \n \n\n \nAbout eBay\neBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects millions of buyers and sellers in 190 markets around the world. We exist to enable economic opportunity for individuals, entrepreneurs, businesses and organizations of all sizes. The ebay.com marketplace and its localized counterparts, as well as the eBay mobile apps, are among the world's largest and most vibrant marketplaces for discovering great value and unique selection. For more information, visit ebayinc.com. \nCautionary Note Regarding Forward Looking Statements\nCertain statements herein are \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Such forward-looking statements are often identified by words such as \"anticipate,\" \"approximate,\" \"believe,\" \"commit,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"hope,\" \"intend,\" \"may,\" \"outlook,\" \"plan,\" \"project,\" \"potential,\" \"should,\" \"would,\" \"will\" and other similar words or expressions. Such forward-looking statements reflect eBay's current expectations or beliefs concerning future events and actual events may differ materially from historical results or current expectations. The reader is cautioned not to place undue reliance on these forward-looking statements, which are not a guarantee of future performance and...